George Akerlof

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George Akerlof
Akerlof in 2007
George Arthur Akerlof

(1940-06-17) June 17, 1940 (age 83)
NationalityUnited States
SpouseJanet Yellen
InstitutionGeorgetown University
University of California, Berkeley
School or
New Keynesian economics
Alma materLawrenceville School
Yale University (B.A.)
MIT (Ph.D.)
London School of Economics
Robert Solow[1]
Charles Engel
Adriana Kugler
InfluencesJohn Maynard Keynes
ContributionsInformation asymmetry
Efficiency wages
AwardsNobel Memorial Prize in Economic Sciences (2001)
Information at IDEAS / RePEc

George Arthur Akerlof (born June 17, 1940) is an American economist of Jewish descent. He is a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley.[2][3]

He won the 2001 Nobel Prize in Economic Sciences (shared with Michael Spence and Joseph E. Stiglitz). He won the Nobel Prize for studying what happens when sellers of something know more than the buyers. He showed that when many bad products are sold without the buyers knowing, selling good products will be difficult.[4]

References[change | change source]

  1. Akerlof, George (1966). Wages and capital (PDF) (Ph.D.). Massachusetts Institute of Technology. Retrieved June 28, 2017.
  2. "George Akerlof (aka Mr. Janet Yellen) Heads to Georgetown - Real Time Economics - WSJ". 2014-09-23. Retrieved 2014-10-25.
  3. "Faculty".
  4. "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001". Retrieved 2021-05-11.